Investor Alleges Randall Duggan Engaged in Negligence

Randall Duggan (CRD #: 5559097), a broker registered with Moloney Securities Company, is the subject of a pending dispute, according to his BrokerCheck record, accessed on March 3, 2023. Investors may have also engaged his services through Moloney Securities Asset Management. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

In a dispute filed on December 15, 2022, an investor alleged that Randall Duggan engaged in negligence and made misrepresentations. This dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to allow an external review before denying disputes. Investors can still seek out FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise unethical tactics to influence the purchase and sale of securities. Misrepresenting an investment’s requirements, limitations, or other features violates this rule.

What qualifies as broker negligence?

Many types of broker misconduct may qualify as negligence. Examples include recommending unsuitable investments, misrepresenting or omitting material facts, or executing unauthorized trades.

Investors who feel their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration. 

Background Information

Randall Duggan has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Randall Duggan is a registered broker in 17 states and a registered investment adviser in Alaska, Texas, and Washington.

He has also worked for the following firms:

• Moloney Investment Advisory (CRD#:282140)
• RBC Capital Markets (CRD#:31194)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Randall Duggan and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.